Manager, Product Control (1 year contract)

Manager, Product Control (Shanghai), 1 year contract

Join a team at the heart of ING’s Financial Markets activity in China. As a Manager within Product Control, you’ll play a critical role in delivering accurate financial insights, supporting trading activities, and ensuring high standards of reporting across the region. If you thrive in a fast‑paced, analytical environment and enjoy cross‑functional collaboration, this is an opportunity to make a meaningful impact.

The Product Control department operates within the Finance function and is responsible for the daily measurement, control and assessment of ING’s balance sheet and profit and loss statements ensuring the accuracy and integrity of our financial reporting. Based in Shanghai, this role is a key link at the intersection of Finance, Front Office, Market Risk and Operations across INGs presence in China and connecting to the Regional Product Control team.

The wider team in APAC has a joint responsibility to deliver on the quarterly requirements for reporting/control as well as system project rollouts and regulatory compliance projects involving their respective desk and asset class and locations.

Role Summary

• Daily P&L Production: Prepare and validate timely, daily P&L reports, ensuring completeness and accuracy.
• P&L Attribution: Analyze and explain daily and monthly P&L movements and provide commentary on key drivers.
• P&L Reconciliation: Reconcile and report Front Office to General Ledger P&L, NPV and cash reports in collaboration with ET Recon.
• Trade Analysis & Review: Investigate trade bookings by front office staff to ensure accuracy for valuation and cash as well as monitor unusual activity and entries.
• Proactive Issue Resolution: Ensure P&L, Position, Trade issues are rectified/explained or escalated.
• Month-End Closing Activities: Assist in desk-related activities, including reconciliations, calculation of reserves, independent price verification and relevant journal entries.
• Monthly Local (Desk) Parameter Committee: prepare agenda inputs to approve Independent Price Verification, Valuation Adjustments and final P&L reporting.
• Monthly Local ALCO: coordinate meeting logistics, and prepare meeting agenda inputs.
• Quarter-End Closing Activities: Perform Fair Value Hierarchy assessment and support reporting into Global Parameter Committee.
• Ad-hoc activities: Support local Product Control and Finance team and CFO for ad-hoc tasks regarding FM/GT in Shanghai/Beijing, where needed.

Special Duties & work environment

• Projects and System rollouts: Assist in system implementations and projects on the desk with a view on efficiency, correctness and completeness.
• One-off product and trade approval: Support discussion and fact finding together with wider team.
• Team Collaboration: Lead by example to work closely with colleagues in Finance, Front Office, Market Risk, Operations & IT to ensure data accuracy and resolve issues promptly.

Required Skills

• Bachelor’s degree, preferably in Financial Mathematics or a related quantitative/finance field.
• At least 5 years of experience in Product Control, Valuation Control, or Financial Markets roles within the banking industry.
• Strong understanding of P&L, balance sheet controls, valuation methodologies, and financial market products.
• Excellent communication skills with the ability to navigate cross‑cultural and multi‑stakeholder environments.
• Highly structured, autonomous, adaptable, and able to perform in a demanding environment.
• Strong analytical thinking and ability to break complex issues into clear, manageable components.
• Coding skills is an advantage.
• Excellent written and spoken English.

What We Offer

At ING, you’ll be part of a workplace that values professional growth, continuous learning, and cross‑regional collaboration. Expect exposure to international stakeholders, opportunities to participate in system rollouts and regulatory projects, and an environment that supports curiosity, innovation, and development. You’ll be empowered to make meaningful contributions to both our local and regional Product Control landscape.

How to Apply

Click the apply button on our careers site and submit your application through Workday.

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About ING

With 65,000 employees and operations in approximately 40 countries, there is no shortage of opportunities for people with initiative who want to help people take a step ahead in life and in business. Do you want to work at the cutting edge of what’s possible and at the same time ensure you work with integrity and hold the customer’s interests at heart? Do you want to be surrounded by progressive, inspiring, diverse and supportive colleagues?
Then there is no better place to invest your talents than at ING. Join us. Apply today.